Name: Foreign Exchange Fundamentals
Rating: 4.79 (182 reviews)

Free preview

Overview

Foreign Exchange Fundamentals Course Overview

This prep course on foreign exchange (“FX”) covers the fundamental knowledge you need to know about the FX markets. You will learn more about the historical development of the FX market, the different exchange systems that exist, and the many market participants. You will also learn about various foreign exchange platforms, along with regulations.

Foreign Exchange Fundamentals Learning Objectives

Upon completing this course, you will be able to:

Understand the historical development of the foreign exchange market
Describe the different foreign exchange regimes (free float, managed float, etc.)
Identify market participants in the FX market
Identify FX platforms that facilitate transactions
Understand the settlement process and market drivers
Describe various market regulations

Who Should Take This Course?

This foreign exchange course is great for anyone looking to understand more about capital markets. It teaches a generic overview of foreign exchange and is a great prep course for more advanced topics in FX. This course is designed to equip anyone who desires to begin a career in fixed income, equity, sales, trading, or other areas of finance with the fundamental knowledge of foreign exchange.

Foreign Exchange Fundamentals

Led by Guy O'Loughnane

Get Started Enroll For Free

Level 1

Approx 2h to complete

100% online and self-paced

Get Recognized With CFI

See All Certification Programs

What you'll learn

Lesson

Multimedia

Exams

Files

Course Introduction

Course Introduction Free Preview

Learning Objectives Free Preview

Downloadable Files

What Is FX Free Preview

Market Data Free Preview

Perfect Market Free Preview

Foreign Exchange History

History of FX Markets

Coinage and Debasement

Interactive Exercise 1

Fiat Money and Gold Standard

The Gold Standard Conversion

The Gold Standard Drawbacks

The Gold Standard Timeline

Bretton Woods

Bretton Woods Drawbacks

Interactive Exercise 2

Exchange Rate Regimes

Free Float

Managed Dirty Float

Managed Transparent Float

Interactive Exercise 3

Midway Check In

Market Participants

Central Banks

International Banks

International Investors

Day Traders

Interactive Exercise 4

Multinational Corporations

Domestic Corporations

Private Investors and Tourists

Interactive Exercise 5

Foreign Exchange Brokers

Interbank vs. Retail

Market Participants Size

All Market Participants

Interactive Exercise 6

Foreign Exchange Platforms

Foreign Exchange Platforms Introduction

In Person

Telephone

Retail Digital Platforms

Bank to Bank Digital Platforms

Interbank Platforms

Chicago Mercantile Exchange (CME)

Interactive Exercise 7

Settlement Process

SWIFT

ISDA

Interactive Exercise 8

Market Drivers

Short Term Market Drivers

Medium Term Market Drivers

Long Term Market Drivers

Long Term Market Drivers : Foreign Currency Debt Load

Purchasing Power Parity (PPP)

Interactive Exercise 9

Regulatory Environment

Interactive Exercise 10

Course Summary

Qualified Assessment

This Course is Part of the Following Programs

Why stop here? Expand your skills and show your expertise with the professional certifications, specializations, and CPE credits you’re already on your way to earning.

All Capital Markets & Securities Analyst (CMSA)® Courses

Foreign Exchange Fundamentals is part of the Capital Markets & Securities Analyst (CMSA)® certification, which includes 41 courses.

Skills Learned Trading strategies used in the finance and capital markets
Career Prep Work in capital markets, whether on the buy-side or the sell-side

Learn More

What our students say

is a great platform to upgrade yourself.

abdul majeed amadu

Good Course
To get good knowledge about FOREX

Bhuvaneshwaran Balamurugan

Foreign exchange
Awesome breakdown of the key fundamentals

Ancestor Moyo

Do not be afraid to do your back testing on how other avenues can boost your trading confirmation. Do more research to what you know you did not know at all to give yourself an edge or the ability yo develop one, in the markets.

Siphumelele Mashiane

Excellent learning resource
Excellent learning resource. I look forward to take paid membership plan and continue with a few more complete courses in my continued professional development. The exam was rather brief, the examined topics were less than the 50% of the presented module sub-topics.

Mlungisi Mbuyisa

Appraisal
It has widened my learning horizon

chinezerem Odo

Recommended Course
This is good course which can clear the fundamentals.

PUSHPENDU MONDAL

I have learnt more through CFI. thanks!!

Endeshaw Yibeltal

Must join and learn and get certificate
Every finance student should do this course. Must get certificate, it will be very helpful in their confident & career !

Durga Kumari

Loved it
Clear and engaging videos ensured that the course delivered on all fronts. I learnt all the essentials about foreign exchange markets and finished the course in one sitting because it was unputdownable.

Aravind Narayanan

Brilliant
Amazing course and I really recommend it incase one wants to understand the basics of foreign exchange markets.

Conrad Philip Rwakihembo

Quite interesting
This an interesting course to take for any student

Emmanuel Anyebe Edward

This is a very nice interactive course which no one who is interested in the field of FX should miss. i highly recommend you spend some time and study the course you wont regret it

Justus Kibet Cheruiyot

Informative
It was a fun and enlightening method of learning.

Vian Mathias

Good fundament knowledge
Very usable course for understanding how foreign exchange works

Eugeny Korobka

FX course provided me with a comprehensive understanding of the foreign exchange market
The FX course I took was an excellent learning experience. The course was well-structured, and the instructors were knowledgeable and engaging.

Elvian Galang Prabuwoso

I learned a lot about foreign exchange market.

Sarajane Pelobello

Amazing Experience
This course prepares me for coming FX courses.

Stephen Akinosi

Grateful for the content that will enhance my career

Ian Mungai

Wonderful Beginner Course.
Now, I can go and make more money

Benjamin Yeboah

Essential for everyone
Dear learners, this course is essential for everyone who wants to be an FX guru.

Atinafu Asefa

It is really good source to learn about the foreign exchange.

Jaswanth Kumar Tati

No nonsense intro to FX
Concise. Not unecessarily wordy or verbose. Strictly focuses on the fundamentals. Focuses more on the whys and not the whats

Christian Dike

Very Informative Learning Resource
Thank You! Very glad to see another amazing platform that is available to provide very necessary information regarding Financial Literacy and Education.

Carlton Moore

Good
FX Trading is interesting

Powell Alexander

to in at when do did for are
the for to in at when for to in at has was

Devil Daeth

Brilliant
The course really helped me a lot to understand the fundamentals of foreign exchange market as well as the history of the foreign exchange market

Aaquib Saif

The course is clear and easy to understand
Anyone who understands English can be able to do the course and the time is so flexible

Michael Chipasha

I enjoyed this course. It was informative and not boring.
I was able to complete this course in a few hours. It wasn't hard and I learned a lot.

Madia Williams

Experience
It was quite enjoyable doing the course as it was well-detailed.

Newton Wachira

Fantastic
I enjoyed the process of learning!

Zachary Agenbroad

Excellent Course
Has Sufficient materials and good number of exercises for practice and application of learned knowledge.

Omkar Patil

AWESOME
Awesome course for beginners

Oludare Faboya

This is great.
The Most informative course on foreign exchange I have ever seen. A most recommendation for a trader in the making.

Watsamari Watsomada Ezra

Best overall
one of the best cource

NAJEEBULLAH RASA

Best experience
It is really an introduction to Forex fundamentals with clear and concise notes.

Stephanie Morel

great course
great knowledge and course

Ryan Key

Brilliant!
I like the flow of the topics. The overall fluidity and pause /replay modes was for me a catch-up tool, which allowed me absorb and relate what was being taught with real world or historical evidence concurrently within the lesson.

Patrick Nwanna

Good Content
Assessment which I liked

Harivadan Bhatt

Great
This course is easy to understand the FX market for a beginner.

Jing Yi Kuek

Nice experience
It is quite an interactive and engaging course

Vincent Muhumuza

Very Nice Experience.
Corporate Finance Institute Provides Excellent Courses Regarding Finance Field.

Omkar Manoj Somani

Thank you
Very informative, I am pleased with what was taught

Daniel Goss

Awesome
Good for all interested in trading and treasury roles

JOSEPH MUTENGA GULOBA

Excellent
profound and excellently delivered

CHE MEH DIDIER

very informative.
this was in-depth learning about history, and the process of exchange depicted properly

A Nirmala

worth it
not super long and find out some key information about history and markets

jack morrell

Content is good
more details can be added to the subjects

Nitish bhardwaj

it was gudd
very less to learn new things

Nitish Bhardwaj

Perfect for Forex Traders!
This course will help you understand all of forex complexity and how can you trade in a free float market and so on. Thanks CFI for this new learning.

Jayson Cereno

Informative
Thoughtfully organized and direct to the point.

William Lanz

Great amount of information
The explanation of the development of the FX market gives a nice background knowledge and helps to understand the current dynamics.

Auron Illing

Really useful for my further career.

Hsuu Htet

Good Introduction
It covered the basics I needed. Clear and well structured.

Daniel Matos

Audio clarity and explanation could've been better it was too fast to comprehend.
Audio clarity and explanation could've been better it was too fast to comprehend.

Josephine Rebecca

Very Educative
Instructor is very knowledgeable and has complete control over the subject

James Nyarko Fobi

Great course
Educational, easy to understand. Importance foundation for FX knowledge

choolwe sikufweba

Very Good
The Course was very Good

Given Mhema

Foreign Exchange Fundamentals
very interesting course

Ho Mei Yi

Excellent course.
Excellent beginning course for F/X understanding.

Steve Rawlins

Well received knowledge.
I'm interest all programs.

mu naw

GOOD
The course is worth.

Jayant Chopra

Nice
A very interesting topic!

Amanho Christian AMANHO

Very informative and easy to understand
Helped me to understand the basics of FX markets and its various related aspects

Abhishek Jain

Great Course
help me to gain new knowledge

ATHUL PV

so really good
i learn new skill and nice information

Kishan Ashokbhai Desai

show the wrong answers
can you show the wrong answers and link the correct answer with pdf

Mohamed Amine kouki

Commendable.
Simplified and Detailed

Happiness Jayeola

Clear
Straightforward and Clear

Odinga Varkish Chann

Well Explained
Good fundamental knowledge in FX market

Paula Bianchi

Interesting and Clear course for Basics
A good course to develop on fundamentals

Manoj Gunda

Clear and easy to follow
The instructor was very clear and easy to understand

vinnie mzolisa

Summarized
Summarized intro to the world of FX and its participants as well as regulations.

João André

Amazing
Insightful course with good pacing and content.

Pranzal Tyagi

It's been so amazing! The lecture videos are short and very informative. The content is also enriching.
I would recommend you to quickly pick up the CFI courses. It's one of the best experience you would want to have. The learning materials are good and enriching.

Zeddi Owino

Great course
Love to have that course

VIKASH TANTUWAY

HELPING TO OTHERS
I REALLY THANKFULL TO CFI

Amb Prof Dr Mahendran G

Excellent
The course was informattive. The instructor presnted it excellently!

Annington Ngai

Excellent
Excellent courses for public

Carmen Teoh Chia Wen

really good for learing basic of foreign exchange

Prakash Monger

It was a precise, highly knowledgeable, and amazing course.

Mudasar Saeed

I need to focus more
Words are professional

JING XING

It's so cool and insightful
The course touched on every basic concept that a forex trader needs to know about

Isaack Mwita

the experience of attending a CFI course is a good experience
very good experience

Salim Alnahdi

this course is very useful
This course is very helpful in knowing about FX

TEKULA TAGORE REDDY 20111453

Excellent Learning Platform!
CFI helped me refresh and enhance my finance knowledge and skills!

Maringan Hutagaol

I benefitted in many ways.

Arwa Alaraimi

FANTASTIC!
Interesting and on-point material!

Letsweletse Masocha

Very engaging course
This was an excellent intro to FX history and concepts

Kirk Mitchell

i think the wrong answers should be shown before the retake
i think the wrong answers should be shown before the retake

Dinara Abisheva

Good course
Is good to gain general knowledge. But need more research to understand deep the fx markets!

Liviu Enache

Foreign Exchange is a global market for exchanging national currencies with one another.
Foreign exchange venues comprise the largest securities market in the world by nominal value, with trillions of dollars changing hands each day.

Mazin Ali

It was an excellent course.

Salar Zarih Alhoseini

Very clear educational provider
Very clearly explained

Awais Ullah

One of the final exam's question answer is wrong
The USD/CAD exchange rate one is wrong

Daniel Felipe Ossa

One mistake in the exam
Question 3 of the exam, in Foreign exchange fundamental course in CMSA, is given a wrong answer. Please review

Stefan Zheng

Useful Course
This course is very useful for me

Moe Thet Hnin

Useful Course
This course is very useful for me

Moe Thet Hnin

ahman Li

Frequently asked questions

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements

Can I download the Excel files and financial modeling templates for the course?

Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.

Are CFI courses officially accredited?

Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification. You can see our enrollment fees listed here.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.

How are the exams conducted?

Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.